Technological convergence across European regions

Kijek, Arkadiusz; Matras-Bolibok, Anna

doi:10.24136/eq.2020.014

Cited by 25 publications

(16 citation statements)

References 46 publications

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“…It was proved that macroeconomic factors, namely per capita GDP growth and the costs of research and development have a significant impact on banks' financial stability, the volume of foreign direct investments and net capital inflows into the country. These dependencies are also confirmed for the European Union via the impact of R&D costs on multifactor productivity and connected indicators of growth (Bilan et al, 2020b;Kijek & Matras-Bolibok, 2020).…”

Section: Literature Reviewmentioning

confidence: 58%

Modeling of the financial system?s stability on the example of Ukraine

Shkolnyk

Kozmenko

et al. 2021

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Research background: Financial stability is one of the key tasks in the functioning of the country?s financial system. National financial systems have significant differences in the level of their development, structure and approaches to regulation. There are no uniform world standards for methods and indicators of assessing financial stability. International financial institutions, including the International Monetary Fund, only outline certain areas and offer an indicative list of indicators that should be taken into account. Purpose of the article: Taking into account the peculiarities of the subject and object structure of Ukraine?s financial system, this study formed groups of indicators that reflect the state of financial depth, level of access and efficiency of the financial system, systematized by subject (financial institutions) and object financial markets) characteristics. Methods: The basis for the formation of a set of indicators is a matrix of characteristics of the financial system?s stability, which is formed according to the principle of 4x2 proposed by experts of the International Monetary Fund. The list of indicators to calculate the integrated indicator that characterizes the stability of the financial system of Ukraine, covers the period 2007?2019 and includes 29 indicators that take into account the peculiarities of its formation and development. Harrington?s desirability function is used to determine the integrated indicator that characterizes the state of financial stability. Findings & value added: The intermediate calculations obtained by modeling groups of indicators showed that the level of access to the financial system and the state of its depth are balanced during the study period (the range of variation of integrated indicators for these groups is minimal ? from 0.1 to 0.18), is at a satisfactory level and the basis for ensuring the financial system?s stability. Conversely, the efficiency of the financial system is low, and characterized by a high degree of volatility (range of variation ? 0.51). The obtained integrated indicator, which is in the range from 0.41 to 0.54 on the Harrington desirability scale, makes it possible to assess the state of the financial system?s stability in Ukraine as satisfactory, but with a high level of sensitivity to both external and internal shocks.

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Section: Literature Reviewmentioning

confidence: 58%

Modeling of the financial system?s stability on the example of Ukraine

Shkolnyk

Kozmenko

et al. 2021

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“…In this case, the value of β-coefficient measuring the rate of convergence, can be calculated from the formula (see e.g. Barro & Sala-i-Martin, 2003, Heller & Warżała, 2019, Kijek & Matras-Bolibok, 2020):…”

Section: Methodsmentioning

confidence: 99%

Wage convergence after euro adoption - the case of Slovakia

Kotliński¹

2021

JESI

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According to the theory of integration, welfare increase is the long-term indirect effect of joining the euro area. Monetary integration accelerates the processes of economic convergence, including income convergence, which is particularly desired by the societies of catching-up economies. This process is crucial for increasing the long term potential for macroeconomic sustainable growth of the economy. The countries of the Visegrad Group are institutionally and structurally similar. But only Slovak Republik adopted euro in 2009, another Visegrad countries stay by their own currencies. So it is a good opportunity to assess the effects of joining the euro zone on wage growth in the medium term through a comparative analysis. The aim of the research is to assess the impact of joining the euro area on the wage growth rate in Slovakia. The research was carried out using the comparative method. Three types of convergence are taken into account: beta, sigma and gamma. An extension of the implementation of the concept of beta, sigma and gamma convergence is the estimation for variables other than GDP, i.e. for the wage growth rate. The analysis covers the 2009-2019 period. The study confirms the existence of beta and sigma convergence. The convergence of earnings between EU countries occurs, wages in less developed CEE countries, tend to grow faster than do in wealthier ones. On the other hand, no gamma convergence was found. The higher rate of wage growth in Slovakia as compared to other countries of the Visegrad group was also not confirmed.

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“…The third stage (but not the last one) is the possibility of using SRM by small businesses (affordability is evidenced by the cost of using, such as the cost of using one module, such as sales, purchases, of Odoo Enterprise is 6 euros per month). In this case, it is necessary to mention the technological convergence, which requires constant monitoring and spatial measurement of applied innovation processes [36].…”

Section: Fig 4 Comparison Of the Dynamics Of Macroeconomic Indicators Of Small Enterprisesmentioning

confidence: 99%

Determination of the influence of the economic cycle stages on the innovative potential of small entrepreneurship

Лихолат¹,

Krykavskyy²,

Lozynskiy³

et al. 2021

EEM

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The small business sector is studied. It is hypothesized that the small business sector has a significant innovative potential, the possibilities of which depend on the economic cycle of market conjuncture. It has been hypothesized that innovation investment in the small business sector depends significantly on economic cycles, and that the structure / directions of innovation investment are determined by the global market conjuncture. This is done in order to interpret the systemic / unsystematic development of small business in the context of public policy on the basis of appropriate calculations and the obtained results, as well as provides an understanding of the possibilities of realizing the innovative potential of small business. The peculiarity of this study is its complementarity «innovative potential of small business – technology transfer – economic cycles.» It has been established that investment in innovation and technology transfer in the small business sector depend on market conjuncture and stages of the economic cycle that occur in a certain period (growth or recession). The identification of economic cycles allowed to form the directions of state regulation and reveal the possible risks associated with finding the innovative potential of small business. The conducted research creates a basis for the implementation of the cluster policy program; contributes to the formation of appropriate tools for creating clusters; reveals favorable periods of labor involvement in the realization of innovation potential; helps to identify the periods of economic cycles in which it is appropriate to invest in their own self-education and modern technology. This approach will help increase the level of balance of the small business system on an innovative basis.

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Technological convergence across European regions

Cited by 25 publications

References 46 publications

Modeling of the financial system?s stability on the example of Ukraine

Modeling of the financial system?s stability on the example of Ukraine

Wage convergence after euro adoption - the case of Slovakia

Determination of the influence of the economic cycle stages on the innovative potential of small entrepreneurship

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